News > Japan aims to eliminate gasoline vehicles by mid-2030s, boost green growth

Japan aims to eliminate gasoline vehicles by mid-2030s, boost green growth

Business Standard | 25/12/2020 04:15 PM | Click to read full article

Japan aims to eliminate gasoline-powered vehicles in the next 15 years, the government said on Friday in a plan to reach net-zero carbon emissions and generate nearly $2 trillion a year in green growth by 2050.

The government will offer tax incentives and other financial support to companies, targeting 90 trillion yen ($870 billion) a year in additional economic growth through green investment and sales by 2030 and 190 trillion yen ($1.8 trillion) by 2050.